This is a joke right? The day after Obama's glorious speech, no thread? Here let's talk about how much this speech helps the US.CHRISTINE HAUSER
Published: September 9, 2011
Stocks on Wall Street declined sharply on Friday and bond prices soared after a speech by President Obama on jobs added to the uncertainty already weighing on financial markets over European sovereign debt and the weak economic recovery.
In afternoon trading, the three main market indexes had fallen about 2 percent. The Standard & Poor’s index of 500 stocks and the Dow Jones industrial average were each down about 2.3 percent, and the Nasdaq composite index was down 1.9 percent.
Stocks in the United States followed Europe, where the European Central Bank said Jürgen Stark, a German who sits on the executive board of the E.C.B. and is known as an opponent of the bank’s bond-buying program, will resign his post.